What is Zacks Research’s Forecast for ProPetro Q1 Earnings?

ProPetro Holding Corp. (NYSE:PUMP) – Analysts at Zacks Research increased their Q1 2025 earnings estimates for shares of ProPetro in a note issued to investors on Tuesday, February 11th. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings of $0.07 per share for the quarter, up from their previous forecast of $0.06. The consensus estimate for ProPetro’s current full-year earnings is $0.26 per share.

Several other equities analysts have also weighed in on the stock. Citigroup increased their price objective on shares of ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price target on the stock in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ProPetro presently has an average rating of “Hold” and a consensus target price of $10.75.

ProPetro Stock Performance

ProPetro stock opened at $8.81 on Friday. ProPetro has a 1 year low of $6.53 and a 1 year high of $11.17. The company’s 50-day moving average is $9.51 and its two-hundred day moving average is $8.52. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.05. The company has a market cap of $906.40 million, a PE ratio of -6.62 and a beta of 1.98.

Hedge Funds Weigh In On ProPetro

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC raised its position in shares of ProPetro by 109.2% during the third quarter. Barclays PLC now owns 242,057 shares of the company’s stock worth $1,855,000 after purchasing an additional 126,346 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of ProPetro by 209.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 272,374 shares of the company’s stock valued at $2,115,000 after acquiring an additional 184,273 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of ProPetro during the 3rd quarter worth approximately $3,525,000. Pacer Advisors Inc. grew its stake in shares of ProPetro by 95.4% in the third quarter. Pacer Advisors Inc. now owns 7,152,687 shares of the company’s stock valued at $54,790,000 after buying an additional 3,491,723 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in ProPetro during the third quarter worth $1,013,000. 84.70% of the stock is owned by institutional investors.

ProPetro Company Profile

ProPetro Holding Corp. operates as an integrated oilfield services company. The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.